36

Studio Apartments for Rent in Waunakee, WI

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  • /32

    Starting at $1,370

    Total Monthly Price

    • Studio - 2 Beds

    110 Breunig Blvd, Waunakee, WI 53597

    Heritage Hills Apartments is a unique community, nestled within the gorgeous Heritage Hills Neighborhood. This area is within walking distance to charming downtown Waunakee, with unique shops, raved-out restaurants, a brand new library, parks and so much more. Making it an ideal place to call home!

    Heritage Hills Apartments

    (608) 292-5468

    110 Breunig Blvd, Waunakee, WI 53597
  • /23

    Starting at $1,399

    Total Monthly Price

    • Studio - 2 Beds

    1055 Simon Crestway, Waunakee, WI 53597

    Experience luxury living at The Crest Luxury Apartments, nestled in the heart of Waunakee, a vibrant and diverse suburb of Madison, WI. As one of Wisconsin's fastest-growing cities, Waunakee offers the perfect blend of small-town charm and urban convenience. Residents enjoy top-rated schools, a historic downtown, scenic parks, safe neighborhoods, and a variety of shopping, dining, and

    The Crest Luxury Apartments

    (608) 292-2306

    1055 Simon Crestway, Waunakee, WI 53597
  • /79

    Starting at $1,595

    Total Monthly Price

    • Studio - 3 Beds

    203 E Main St, Waunakee, WI 53597

    Introducing Lamphouse, Waunakee's premier luxury living address. Carefully created with our residents' comfort in mind, you will discover unique amenities, superior apartment features and a place you will love to call home. With over 28 unique luxury apartment floor plans to select from you will surely find the style that fits your personality. Visit us, take a tour, and get the information you

    Lamphouse Apartments

    (608) 807-2408

    203 E Main St, Waunakee, WI 53597
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    Starting at $1,225 Per Month

    • Studio - 2 Beds

    301 E Main St, Waunakee, WI 53597

    Experience Waunakee living at Madison and Main. This community is located downtown Waunakee with access to many local shops and restaurants. When you choose an apartment at Madison and Main, you'll have a wide selection of features and amenities including washers and dryers, granite countertops, and convenient on-site parking options. Experience a new standard at Madison and Main.

    Madison & Main

    (608) 292-3575

    301 E Main St, Waunakee, WI 53597

Why Live in Waunakee

Waunakee, WI, located on the northern banks of Lake Mendota, offers a blend of suburban and rural living with easy access to downtown Madison. Founded in 1871, this town features a charming Main Street with shops and restaurants, contributing to its small-town atmosphere. Housing options range from historic brick ranch-style homes to newly built Craftsman houses, with some luxury properties overlooking the lake. The Waunakee Community School District is highly rated, with Arboretum Elementary, Waunakee Intermediate, Waunakee Community Middle, and Waunakee Community High all earning top marks. Residents enjoy numerous attractions, including Waunakee Village Park with its paved paths and playgrounds, and the Waunakee Village Center, which offers a gym and community events. Governor Nelson State Park provides over 8 miles of trails and sandy beaches along Lake Mendota. Dining options are plentiful along Main Street, with popular spots like Lone Girl Brewing Company and Red and White Winebar. Waunakee is conveniently located 20 to 30 minutes from downtown Madison and 10 to 15 minutes from Dane County Regional Airport, making it an accessible and appealing place to live.

Frequently Asked Questions

How much does it cost to rent a home in Waunakee, WI?
The median rent for a home in Waunakee, WI is $1,795 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Waunakee, WI?
To comfortably afford the median rent in Waunakee, WI, a household needs to earn roughly $71,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,795 per month in Waunakee, WI, renters typically need to show $5,385 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Waunakee, WI?
In Waunakee, WI, the price-to-rent ratio is 27.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Waunakee, WI are best for renting a home?
The best neighborhood for renting in Waunakee, WI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Sak's Woods, Greater Sandburg, Atwood, Westside and Tenney-Lapham, each with its own character and price range.

Rental Home Trends in Waunakee, WI

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$1,795
Median Single Family Home Rent
$1,795
Median Townhouse Rent
$2,600
Median Condo Rent
$1,550
How to Rent a Home